October 24, 2019 - REI Society

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October 24, 2019

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What is House Hacking? | Kickstart your path to Financial Freedom

Learn how to reduce your living expenses and increase your wealth simultaneously by “House Hacking” your way to financial freedom.

October 24, 2019 No Comments

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brandongthompson

🏡 What's the difference between a long term ren

🏡 What's the difference between a long term rental and a short term rental? The difference between a long term rental and a short term rental is basically the duration of time the tenant is actually going to stay in the property (long term rental) or the guest is going to be staying in the property (short term rental)... In a long term rental, you usually have somebody that's gonna stay in the property a year or longer and in a short term rental, you have a shorter duration...It's usually 30 days or less. However, I have seen short term rentals going up to six months at a time... So, long term rentals have longer durations and short term rentals have shorter durations. Now, which one's better, per se--??? It's all about what you have on your mind that you want to accomplish....🤔 For me, I like a mixture of both... I like asset allocation. I'm really bullish on short term rentals
but I do like asset allocation by also having long term rentals... So let me explain what I mean... Long term rentals give me stability and predictable income... I have properties in different areas across Atlanta and these properties are on long term leases...Month in, month out, I get that “mailbox” money 💴 as long as the tenants are paying and that income is always accounted for (predictable)! But with short term rentals, your income is going to fluctuate up and down every month... Kind of like the stock market...One month you'll make a certain amount and the next month, you may make less or more... it's really based on the festivals and the seasonality of the city that the home is in... Although short term rentals usually brings in a lot more money, I tell my students that it’s best to own a mixture of both...This way, they’ll have a predictable income off the long term homes and they’ll understand the seasonal swings on the short term homes... If you are interested in my free long term rental guide or my short term rental guide, say “freebie” and I’ll send you a link to it in a PM; just comment below ⬇️!

I believe we’re all “entitled”... Most peop

I believe we’re all “entitled”... Most people may look at this and be pissed 😠...Entitled? Yes entitled; you’re an entitled person...Yes You! 💥You’re entitled to a life of security. You’re entitled to a life of peace. You’re entitled to your dreams. You’re entitled to dream. Man, life is hard... For every person at some point or another. This is why real estate 🏡 is my vehicle... You can have time, freedom, finances, luxury, and travel...you can also leave a significant inheritance to those who you love. Many people says that money doesn’t buy you happiness, but it sure can buy these things as referenced above... TIME FREEDOM FINANCES LUXURY TRAVEL All off this makes life a lot less hard! 💥 If this doesn’t bring added happiness and make life much easier, then I don’t know anything that does. I believe we’re all entitled. You are an entitled person and deserve all of this in your life...and MORE! Real Estate over time can do this for you! You deserve entitlement in your life...you’re entitled to succeed!

I’m here... Who has real estate or business que

I’m here... Who has real estate or business questions? Here to help and here to serve! The only wrong question is the one that’s not asked!

I had a great weekend... How about you?

I had a great weekend... How about you?

Lots of “Gurus” out there in Real Estate 🏡

Lots of “Gurus” out there in Real Estate 🏡 Unfortunately, it’s a problem... because they make real estate sound easy... So many people are looking for a quick buck. Many of these gurus don’t have your best interest at hand. They are trying to sell their courses or their programs and then they leave...you end up getting no support...Ugh! Some people aren’t working to help you succeed. Some people actually covet money and don’t care about you! My mission from the start is to be someone that tells people the truth...I’m not coveting money either...I’m trying to help more people through proper education, to become financially free or to add to their net worth through real estate investing... Here’s the truth: ✅ You’re not guaranteed success on an individual deal, especially your first deal...real estate can be hard if not taught correctly...I still lose on at least 1 home a year...Shit happens! ✅ Most people quit if they fail on their first investment...As stated, I have lost on several homes in 18 years. However, I have made much more money by not giving up and continuing to move forward... ✅ Real Estate takes consistency over a long period of time to create true wealth...Sure you can make $10k in the next 30 days, but it will most likely take years to make millions for most people...You’re not going to get rich overnight. ✅ Real Estate is not for the faint of heart...I have been threatened, sued, and so much more...Yikes! REI investing is a lifestyle....It’s not a hobby. The Guru’s or the “content” creators won’t tell you all this. In fact, they want you to buy their courses so they can quit working in real estate because it’s so hard...Trust me, I know....You’ll never see me quit real estate investing no matter what! I’m gonna do it til the day I die...it’s my lifestyle! The thing I’m going to say one last time but more blatantly speaking is: 💥 Be careful listening to certain others... 💥Would you rather learn from someone else who is actually doing the same works they teach and aren’t trying to get rich just off of programs, YouTube, and so much more? 💥 Do they have a track record? Are they chang

A man and his dog 🐕... This guy brings me happ

Nobody is going to do it! Nobody cares about your

Nobody is going to do it! Nobody cares about your future like you do... Or, like YOU should... Nobody is going to make you successful. You have to do it...YOU, yourself! Are you taking action? Nobody else is going to do it!

Who else loves doing some real estating? It’s a

Who else loves doing some real estating? It’s always a good day to buy and sell! Is it just me or does everyone else feel the same way as well?

Can I say drop the mic 🎤...? I mean, real esta

Can I say drop the mic 🎤...? I mean, real estate investing is a lot of work and dedication, but paired with determination and grit, it’s the only thing I know that is a sure bet... The people that do this for a living full time and even the ones that enjoy doing something else full time but wants a little bit more and does this part time, understands that long term wealth comes from “owning” real estate assets... Wouldn’t it be cool if you became a millionaire after 5 to 10 years using smart systems while investing part time? The truth is, thousands of people are doing this each and every year, month in month out, day by day... It’s your friends, your family, your bosses, your pastors, and so many more...it “can” be YOU! Real Estate 🏡 doesn’t usually produce the returns of a lottery, but it is most definitely producing the returns of a sure bet... I’m dropping the 🎤!

😃 Saturday so far: Tiffany wakes up and goes t

😃 Saturday so far: Tiffany wakes up and goes to the gym. I wake up and slowly break my 5 day fast...I lost 10 pounds. I took 2 calls for some potential new hires for my business...I also did some verbal volley in voice memos with some students... I took my 16 year old daughter out for a lunch date! My stomach messes up for eating...Fasting sucks when you come off of a long fast! Got home after this and took down Christmas 🎄 decorations 2 weeks late...for 2 hours... Cleaning time now and out to dinner with some friends... Probably going to come back home and chillax to Yellowstone....that show is the best show since Breaking Bad... How’s y’all’s weekend going?

🏡 This Stunning home, thoughtfully furnished on

🏡 This Stunning home, thoughtfully furnished only 5 minutes from downtown Jasper and 20 minutes from Amicalola Fall is in the heart of the Smokey Mountains. Here, you'll dream away in the two cute/cozy/lazyday bedrooms. You can also pamper yourself in the luxurious bathroom... The living area is wide open with plenty of space to relax in with breathtaking aesthetic appeal. The kitchen is nicely upgraded with all the essentials. You'll love the hot tub too! There are two parking spaces on a private driveway. Rehabbed 2021. This home is perfect for small families, romantic getaways, or business travel. It has everything you need! 🔑 The dining area has a large family table that seats 4. The washer and dryer is located in behind dining room for your convenience. The local grocery store is within a short driving distance so you can enjoy the nice fully furnished kitchen. Boutique shops and restaurants are everywhere in Jasper, Blue Ridge, and Ellijay and you can be in all the downtown areas in only minutes!! You want action; you got it: Jasper, Blue Ridge, and Ellijay is the perfect trip for family fun, adulting, and more! The property has a hot tub, firepit, games, and so much more! Downtown areas: 20 minutes from Ellijay/30 minutes from Blue Ridge, 5 minutes from Jasper, 1 minute from Talking Rock

🔥 Your focus determines your reality Things do

🔥 Your focus determines your reality Things don’t happen by accident. Manifest your reality. Speak it into existence. Do the work! I have a goal to teach 1000 people real estate this year and I’m going after this. I’m speaking over it every day...I’m doing the works to get there... What goal are you focusing on and are planning on watching it manifest into reality? What works are you doing to achieve your goals? Let’s do this together Tribe!

I have a schedule... It goes something like this:

I have a schedule... It goes something like this: Wake up at 6 am: (I’m trying to get to 5 am)...Drink some ☕️, read a book, and pray/meditate... 7:00 to 8:15: spend some time talking to my kids before they go off to school. 8:15 to 9:30: workout whether at the gym, doing 100 push-ups if I can’t make the gym (yes I can do 100 push-ups in a row) , or going for a walk (preferably I like going to the gym though) 9:30: shit, shower, shave...not necessarily in that order 🤪 10:30 to 12:30: work on content creation to help more people...online communication in different real estate groups, doing a training video in my private Facebook group regarding the 4 pillars of residential real estate, recording a podcast, doing a tiktok and reels story, make some online posts giving real value. Breakfast/lunch around 12... 12:30 to 1:30: break....I usually go for a walk and have phone calls with my students...I check on these guys and gals periodically to make sure they are rising above! 1:30 to 4:30: call on contractors, review my bookkeeping, look at properties whether I’m buying, selling, or looking at the one’s that are under construction. 🏡 4:30 to 6:30: break and dinner with the family. 6:30 to 10:30: relax with a game with the family, watch a show or movie, read a book, go to sleep... 💥 You see, I have to abide by a schedule and be very disciplined to not break that schedule. Last year I broke it periodically...This year I’m not going to. It’s the disciplined that have success. It’s the right routines that allow for growth!

This graphic says it alll... You can’t have a t

This graphic says it alll... You can’t have a team without a leader...💥 When I started, I didn’t have a team or a leader. I had to be all of these people...it was hard not being led, having to figure things out for myself. I have a new YouTube coming out tonight. It speaks about all of this. In having a team, you have to have a leader that sets expectations for that team. Someone has to share that vision. Someone has to be the example... All of us are called, but few are chosen... If you want to be chosen, you need to have vision and know where you’re going...

Just bought this junker....trying to figure out wh

Just bought this junker....trying to figure out what to do with it... ✅ I can either wholetail it by putting lipstick on a 🐖...Then throwing it right back on the market for a quick profit for doing next to nothing (minus a trash out I need to do). ✅ I can do a cosmetic flip and keep the existing floor plan and have a great home for a first time homebuyer... ✅ I can flip it doing a full detail flip and knock out walls, moving electrical and plumbing, and converting it to a 3/2 from a 2/1. ✅ or heck, I can just keep it and rent it out making $600 a month in cashflow... 🤔 What’s your thoughts?

I lost it all... I really did...in 2008! You rem

I lost it all... I really did...in 2008! You remember those times? I do! Most people said it sucked....I mean I literally lost 20 rental homes 🏡, my primary residence, all my money in the bank, and hit rock bottom. Did it suck...heck yeah. Do I regret it? Hell no! I remember fasting, praying, getting closer with my family, becoming more disciplined and learning new skills, and so much more. I mapped out my future. I mapped out my past to see how I can make my future better. I created a plan...and it all payed off! 🙏 Crazy right? You just got to remember that even though you take two steps forward, sometimes you’ll take one step backwards. Then you get off your ass like a bulldog regardless of your health, finances, or etc, and you move two steps forward again. Two steps forward, one step back. Two steps forward, one step back. Eventually you’ll get down the road... And you’ll be reminded that you didn’t lose it all after all!

Damn! My short term rental took 6 months to move

Damn! My short term rental took 6 months to move unwanted tenants out, to rehab, finding the right stager, and to finally it put on the @airbnb site! But it’s all good...Patience brings forth excellence! 🙌 This beauty in N Ga is minutes away from the best amenities and hobbies my family and I love...From hiking, to seeing beautiful waterfalls, eating at some killer restaurants, and finally chilling in amazing wineries and breweries...this is what I’m talking about! I love ❤️ homes being rehabbed from the ugly “mode” to becoming beautiful in the end. Gorgeous scenery meets incredible design and luxury amenities... The best part is that my guests are paying off yet another vacation... Dang son! Life is good!

Who’s ready to crush this new year? I tell you

Who’s ready to crush this new year? I tell you what; I am! Here’s my 2021 goals: -Help more people become financially independent through real estate investing...These training programs have already helped so many people so far. -Purchase 3 apartment buildings...maybe 100 doors plus each! -Join a mastermind with my wife! It’s important that we continue to grow at the same pace as a couple! -Be more present in the moment and more intentional with my time...I’m taking less in person and phone meetings this year! -Invest in more startups...I invested in a 3D company as well as a seltzer company this year. Can’t wait to see the payouts in a few years! Hopefully sooner! -Flip 20% less homes this year all while making a pivot for the rest of the things I want to do. -Give $250k away this year. In 2020, we have already given away over $100k to good causes we believe in. The goal is to crush it! Anybody else making some amazing goals?

You know what I believe? I believe in Faith! 👏

You know what I believe? I believe in Faith! 👏 But this is not how I spell it...Faith...Nope! Nah, I believe it’s actually spelled RISK. See...you can have faith in something but if you don’t take a risk, your faith without action becomes dead. 2021 is the year of faith. 2021 is the year of risk. 2021 is the year to take action. How much risk are you taking this year to back your faith up? Just remember the old saying: “Action speaks louder than words!”
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It’s time! You know and your your friends know

It’s time! You know and your your friends know it...Your spouse and kids definitely know it! —-Time to rock! 🎸 No, just kidding... It’s time to create assets in 2021. Or do you want the following to keep happening? -Do you want a black swan event to continue taking you under like Corona Virus? -Do you want Corporate America to continue furloughing or cutting you all together? -Do you just want to maintain and not have anything more? -Are you going to continue to make excuses? Listen... 💥YOU deserve to have a rental house paying for that new car 🚗... 💥YOU deserve to have a short term rental paying you to vacay in your dream location. 💥YOU deserve to have more capital stacked for a better emergency fund... 💥YOU deserve more! Altogether... It’s ok...Let’s crush 2021 together! It’s time...Right?

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